We currently have a joint check agreement on a project we are doing. Once the project is done and we are ready to invoice, what is the procedure for that? We are the material supplier and the agreement is with the subcontractor and GC.
1 reply
Oct 24, 2019
Ultimately, invoicing is usually done the same way for projects regardless of whether a joint check agreement is in place, unless the joint check agreement specifies otherwise. While payments are made a bit differently with joint checks, invoicing doesn't usually change all that much.
For instance: When a GC is issuing a joint check for both their subcontractor and their sub's supplier, the supplier will typically be invoicing their customer - the subcontractor - and the sub will invoice the GC separately. Granted, for a supplier receiving joint checks, it might be useful to also send a copy of their invoice to the GC who is cutting the joint check.
And, of course: If the contract and joint check agreement specify that invoicing should be done in some specific manner, then that's the process that should be followed.
Additional resources
For further discussion on joint checks:
- Joint Check Agreement Basics- Joint Check Agreements: Most Common Misunderstanding And How It Can Burn Your Company- Joint Check Agreement Guide [Free Download]